If you take a deposit for all AST’s you must:-
Protect the deposit with an approved scheme, and
Give tenant and all interested parties the prescribed information about their deposit and the deposit scheme.
Within 30 calendar days of physically receiving it (from April 6th 2012)
Deposit Protection Service
Tenancy Deposit Scheme
Do you have to protect your tenant’s deposit?
Have you read and understood the scheme rules?
Have you provided the Prescribed Information?
If in doubt seek advice from the scheme administrator
Up to 3 times deposit fine payable back to tenant;
Can’t issue section 21 notice until full deposit returned to tenant.